Consideration means the mutual exchange of promises or obligations between the parties to a contract.

Anything of value promised by one party to the other when making a contract can be treated as "consideration": for example, if A contracts to buy a car from B for $5,000, A's consideration is …

Jul 17, 2025 · For an agreement to be recognized by a court, it must contain several elements, including consideration. This concept is what makes a promise legally binding. Consideration …

Dec 13, 2024 · Consideration can be a negotiated promise between the parties that gives a benefit to one party or is to the detriment of the other. Consideration is always something of …

The meaning of CONSIDERATION is continuous and careful thought. How to use consideration in a sentence.

Consideration definition: the act of considering; careful thought; meditation; deliberation.. See examples of CONSIDERATION used in a sentence.

CONSIDERATION meaning: 1. the act of thinking about something carefully: 2. a particular subject or fact that needs to be…. Learn more.

Definition of consideration noun from the Oxford Advanced Learner's Dictionary. [uncountable, countable] (formal) the act of thinking carefully about something. An employer is legally bound …

Nov 27, 2024 · Consideration in contract law is the value that each party agrees to exchange as part of a contract. It is what distinguishes enforceable contracts from mere promises.

Consideration is the reason a contract exists. In a contract for the sale of goods, the price paid is the consideration for the seller, and the property sold is the consideration for the buyer. Under …